Tower Investments (Poland) Market Value
| TOW Stock | 2.66 0.26 10.83% |
| Symbol | Tower |
Tower Investments 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tower Investments' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tower Investments.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Tower Investments on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Tower Investments SA or generate 0.0% return on investment in Tower Investments over 30 days. Tower Investments is related to or competes with Asseco Business, Movie Games, Igoria Trade, and Bank Millennium. More
Tower Investments Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tower Investments' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tower Investments SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 44.67 | |||
| Value At Risk | (7.81) | |||
| Potential Upside | 5.96 |
Tower Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tower Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tower Investments' standard deviation. In reality, there are many statistical measures that can use Tower Investments historical prices to predict the future Tower Investments' volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tower Investments' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tower Investments Backtested Returns
Tower Investments owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0066, which indicates the firm had a -0.0066% return per unit of risk over the last 3 months. Tower Investments SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tower Investments' Risk Adjusted Performance of 0.0067, coefficient of variation of (40,791), and Variance of 31.09 to confirm the risk estimate we provide. The entity has a beta of 1.39, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tower Investments will likely underperform. At this point, Tower Investments has a negative expected return of -0.0371%. Please make sure to validate Tower Investments' potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and period momentum indicator , to decide if Tower Investments performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Tower Investments SA has poor reverse predictability. Overlapping area represents the amount of predictability between Tower Investments time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tower Investments price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Tower Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Tower Investments lagged returns against current returns
Autocorrelation, which is Tower Investments stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tower Investments' stock expected returns. We can calculate the autocorrelation of Tower Investments returns to help us make a trade decision. For example, suppose you find that Tower Investments has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tower Investments regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tower Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tower Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tower Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Tower Investments Lagged Returns
When evaluating Tower Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tower Investments stock have on its future price. Tower Investments autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tower Investments autocorrelation shows the relationship between Tower Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Tower Investments SA.
Regressed Prices |
| Timeline |
Pair Trading with Tower Investments
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tower Investments position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tower Investments will appreciate offsetting losses from the drop in the long position's value.Moving against Tower Stock
The ability to find closely correlated positions to Tower Investments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tower Investments when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tower Investments - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tower Investments SA to buy it.
The correlation of Tower Investments is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tower Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tower Investments moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tower Investments can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Tower Stock Analysis
When running Tower Investments' price analysis, check to measure Tower Investments' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tower Investments is operating at the current time. Most of Tower Investments' value examination focuses on studying past and present price action to predict the probability of Tower Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tower Investments' price. Additionally, you may evaluate how the addition of Tower Investments to your portfolios can decrease your overall portfolio volatility.